Solana Creator Says This Trigger Will Boost Crypto Adoption

It’s been revealed that the Solana creator addressed an important trigger that could boost crypto adoption. Check out the latest reports about this below.

Solana (SOL) co-founder Anatoly Yakovenko says that there is an important development in the crypto space could trigger a boom in crypto adoption.

Yakovenko says in a new interview with Scott Melker that stablecoin legislation in the US could blow the doors wide open in terms of onboarding new users to the sector.

“My big hope/dream is that this year Congress passes stablecoin legislation and we see a thousand stablecoins bloom that are competing globally and getting every human in the world access to a digital dollar.”

He continued and stated the following:

“And that means that we effectively start onboarding most of the world to the digital dollar on Solana, because it’s the best place to do it. But effectively at a fast, low-cost blockchain.

And once you have enough users with wallets and self-custody that are all doing this, I think then you really have a big enough market [and] you can start testing all the other business models. But we’ll see what happens, right? I think that’s one of the pieces that could cause a massive boom in crypto adoption.”

Payments giant Mastercard is collaborating with a bunch of layer-1 altcoin projects to create common crypto standards.

In a new press release, the credit card giant said that it’s teaming up with Ethereum (ETH) rivals Solana (SOL), Aptos (APT), Polygon (MATIC) and Avalanche (AVAX) to bring more trust to blockchain transactions, according to the online pubcalition the Daily Hodl.

Mastercard is creating the Mastercard Crypto Credential, which will “establish a set of common standards and infrastructure that will help attest trusted interactions among consumers and businesses using blockchain networks.”